Charlie D’s Full Speech, from Jeff Watson
Here's a recording of the full 2+ hour speech that the late legendary bond trader Charlie DiFrancesca gave in 1989. It's very pit centric and somewhat outdated, but he still delivers a hundred meals for a lifetime.
Gary Phillips writes:
There is a great story about Charlie D. After a particularly tumultuous day in the bonds, the pit had emptied out as usual, except for a few stragglers who remained sitting on the steps. 'SPL' was sitting there looking unusually despondent as his clerk P&S'd his remaining cards. Charlie happened to walk by and ask one of SPL's other clerks "what was wrong with Steve?" I wasn't privy to those words, but as Charlie walked away I heard him say, " Shit, I thought Steve could handle dropping 2Mil better than than THAT!
Comments
Anonymous on August 3, 2016 7:42 am
Intermarket relationships and order flow. Still works in the electronic age…
Andre on August 3, 2016 7:25 pm
These days successful traders are unicorns and lots of people are full of shit. Is it technology and 0 rates?
Elizabeth Di Francesca on January 28, 2019 12:18 am
Who is Gary Phillips and what was Steve’s last name ? 2016–its 2019
Are they still around do they still think 2 mil is a drop in the bucket to lose ? How about bankers stilling the homes of common families ? Especially due to banker MERS fraud. Commodity is “us” we are the ones hurt by all of this………….I wish he was still alive now to discuss this with him.